Ataa Educational to increase capital to $112m for acquiring Naba'a

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Thu, 2022-05-26 09:14

RIYADH: Saudi Ataa Educational Co. has received approval from the Capital Market Authority to increase its capital to SR420 million ($112 million) for the acquisition of Naba’a Educational Co.

The company will issue more than 2 million ordinary shares to acquire Naba’a through its fully-owned subsidiary, Arabian Educational and Training Group, according to a bourse filing.

The Riyadh-based educational company provides educational services for students inside the Kingdom.

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Business & Economy

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